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The latest announcement is out from Audax Renovables SA ( (ES:ADX) ).
Audax Renovables closed the 2024 fiscal year with a net profit of 63 million euros, doubling the previous year’s results. The company achieved significant growth in supply points, energy supplied, and energy generated, alongside a 20% increase in EBITDA. The debt ratio reached historic lows, and the company’s commercial strategy focused on large clients and SMEs contributed to these successes. The Executive Chairman emphasized the company’s commitment to sustainable growth, profitability, and debt reduction, aiming to position Audax as a key player in the European energy market.
More about Audax Renovables SA
Audax Renovables is a vertically integrated energy group founded in 2000, generating 100% renewable energy and supplying electricity and gas across nine countries. It operates wind and photovoltaic parks in Spain, Portugal, Italy, France, Poland, and Panama, and serves over 436,000 clients in various European countries. The company is listed on the IBEX SMALL CAP® index and has a market capitalization exceeding 730 million euros.
YTD Price Performance: 2.44%
Average Trading Volume: 1,314
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €722.8M
For an in-depth examination of ADX stock, go to TipRanks’ Stock Analysis page.